Quatloos! > Investment Fraud > HYIP & Bank Debentures > EXHIBIT: Omega Trust & Trading > Dove Doo-Doo > Letters

Omega Trust & Trading HYIP Exhibit

("Clyde may look like a local electrician, but he's really only one of
6 or 8 people in the world capable of pulling off this $97 Quintzillion
trade which is now being held up by the European bankers . . .")

I think the dynamic duo (Clyde and Pat Hood) saw the light.

I am changing my email address to ---

----- Original Message -----

From: Quatloos!

To: pbg

Sent: Wednesday, April 11, 2001 4:06 PM

Subject: Clyde Pleads Guilty !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

For Immediate Release April 10, 2001 Media Contact: Sharon Paul .

Leader of Omega Trust & Trading, Ltd. Pleads Guilty to International Fraud, Money Laundering Conspiracy

Urbana, IL - The central figure in an alleged fraud scheme known as Omega Trust and Trading Limited, pled guilty today in United States District Court in Urbana, Illinois, to his participation in an international fraud and money laundering conspiracy, as announced by Frances C. Hulin, U.S. Attorney for the Central District of Illinois. Clyde D. Hood, age 66, of Mattoon, Illinois, entered a plea of guilty late this afternoon to one count each of the following: mail/wire fraud conspiracy, money laundering conspiracy, and filing a false tax return. Hood=s wife, Patricia Ann Hood, age 64, also pled guilty to her part in the fraudulent scheme. Patricia Hood pled guilty to conducting a monetary transaction with the proceeds of illegal activity and to filing a false tax return.

As part of their negotiated plea agreements, both Clyde and Patricia agreed to cooperate fully with law enforcement officials as to their knowledge and /or involvement in the conspiracy and to identify and locate property and assets which are traceable to the fraudulent scheme and further, to identify and repatriate assets which may be located in any foreign country.

Upon entering his pleas of guilty, Clyde Hood admitted that from at least in or about January 1994 through August 2000, he agreed with other persons to conduct a fraudulent business under the name of Omega Trust and Trading, Ltd. which he and his co-conspirators supervised from Mattoon, Illinois, and elsewhere. Hood admitted that he and other conspirators falsely represented that Omega was a high yield investment program that would generate extraordinary profits to participants and investors from trading Adebentures@ or Aprime bank notes@ in foreign banks.

Instead of putting money into a Aprime bank note@ buying and selling program as represented, Hood admitted he and others converted more than $12,500,000 for their own personal use and benefit.

Hood further admitted that he enlisted a number of experienced Anetwork marketers@ to promote, solicit and sell the Omega program and to establish multi-level marketing lists.

Hood admitted he furthered the conspiracy with a presentation to potential Omega participants in Oregon in September 1994. During this meeting, which was videotaped, Hood admitted he made numerous fraudulent representations, including among them that Omega was a Aloan agreement@ with a return or profit of 50 to 1, and that a huge profit would be made on a Abuy-sell@ agreement and then transferred to everyone within the Omega program. Hood further misrepresented his background and experience to purport, among other achievements, that he was an experienced banker and trader who Ahad done this deal before for Fortune 500 companies.@ Hood also falsely represented that various financial institutions outside the U.S. were participating in this venture and that Athe program and all three rolls would be completed by the end of 1994.@

Hood further admitted that he and his conspirators perpetuated the illusion that Omega was a real venture by keeping a computer database of some, but not all, of the people sending money, sending correspondence to these people, and, at one point, announcing that the Omega program was Aclosed,@ meaning that it had enough investors and would accept no more. Instead of Aclosing@ Omega, Hood and others used the concept of a Aclosed@ Omega to sell millions of dollars worth of Arefund units.@

Additionally, on at least 72 occasions from mid-1995 though July 2000, Hood admitted he and others wrote telephone messages which Hood recorded, and which were directed to Omega participants. The telephone Aupdates@ contained misinformation and falsehoods regarding the status of the Omega program.

Hood admitted he participated in a money laundering conspiracy during this time in that he caused cashier=s checks, money orders, and personal checks sent to him by persons investing in Omega to be deposited into at least 24 accounts in the names of his conspirators. Hood then gave orders to those account holders to withdraw the funds in cash, checks, cashier=s checks and by account transfer within the same institution and by wire transfers to accounts in domestic and foreign banks.

In addition, with the help of his conspirators, Hood used those funds to purchase real estate which he titled in conspirators= names to fund new and existing businesses and to purchase vehicles and other personal property.

Additionally, Hood admitted he used Omega investors= funds to make loans to relatives, friends and business associates to purchase property and for the refinancing of existing residential mortgages.

Upon entering her plea of guilty, Patricia Hood admitted that on June 5, 1996, she participated with her husband in conducting a monetary transaction with proceeds of illegal activity when they loaned $77,000 of Omega participants= funds to a family member and her husband to refinance their residence located in Mattoon, Illinois. Specifically, $68,200 was transferred to the couple=s account from an account held jointly by Clyde Hood and a co-conspirator with the balance of $8,800 in cash given to the couple. At Clyde Hood=s direction, the mortgage was prepared and recorded showing Patricia Ann Hood as the mortgagee.

Patricia Hood admitted that, at that time, she knew that Omega Trust and Trading was a fraudulent scheme operated by her husband and others, and that the funds loaned to the couple were Omega investors= funds. Further, she admitted that the mortgage showing her as the mortgagee was intended to conceal the true source, ownership and control of the Omega investors= funds.

Finally, both Clyde and Patricia admitted that in filing a federal joint tax return for tax year 1996, he and his wife declared total income of $11,220 when in fact, they both knew at the time of filing that their total income for 1996 was more than $2,079,179.34.

U.S. District Judge Michael McCuskey scheduled sentencing for Clyde Hood for August 24, 2001, at 1:00 p.m.; sentencing for Patricia Hood is scheduled for August 24, 2001 at 9:30 a.m.

Clyde and Patricia Hood join five others who have already entered pleas of guilty for their participation in the alleged fraud:

Stuart Chris Engel pled guilty April 4, 2001, to one count of conspiracy to commit money laundering; sentencing is scheduled for July 13, 2001;

Barry Bullington pled guilty April 4, 2001, to conducting a monetary transaction with the proceeds of illegal activity; he is scheduled to be sentenced July 27, 2001;

Jerry Wilson pled guilty on March 19, 2001, to one count of mail fraud and one count of conspiracy to commit money laundering; sentencing is scheduled for July 13, 2001;

Susan Hoehne pled guilty on March 20, 2001, to one count of conducting a monetary transaction with the proceeds of illegal activity; she is scheduled for sentencing July 20, 2001; and,

Franklin Myers entered a plea of guilty on March 20, 2001, to one count of conducting a monetary transaction with the proceeds of illegal activity. His sentencing is scheduled for July 13, 2001.

As part of their plea agreements, each of the seven defendants who have entered pleas of guilty have agreed to cooperate. Further, each has agreed to forfeiture of any interests they have acquired in property with proceeds from Omega Trust and Trading Ltd., and to entry of an order permanently prohibiting them from conducting any further business related to Omega Trust and Trading, Ltd.

At sentencing, the maximum statutory penalty for the offenses are as follows: money laundering conspiracy - up to 20 years imprisonment and a fine of up to $500,000 or twice the value of the laundered funds; mail/wire fraud conspiracy - up to five years imprisonment and a fine of up to $250,000; mail and wire fraud - up to five years imprisonment and a fine up to $250,000; conducting financial transactions with proceeds of illegal activity - up to 10 years imprisonment and a fine up to $250,000; and, filing false tax returns - up to three years imprisonment and a fine of up to $100,000.

All sentences, however, are governed by the Federal Sentencing Guidelines which base actual sentence on a number of factors including the evidence presented in a given case, the extent of the criminal involvement by a defendant, and prior criminal history.

Jury selection is scheduled to begin May 1, 2001, in U.S. District Court in Springfield, Illinois, for the trial of the remaining 12 defendants charged in the alleged fraud.

U.S. Attorney Hulin reminded members of the public that an indictment is only a charge and is not evidence of guilt. Under the law, each defendant is entitled to a fair trial at which time it is the burden of the government to prove guilt beyond a reasonable doubt.

The case prosecution is being coordinated by Assistant U.S. Attorneys Esteban F. Sanchez and Patrick D. Hansen of the Springfield division of the U.S. Attorney=s Office for the Central District of Illinois.

The charges are the result of a cooperative investigation by the Federal Bureau of Investigation; U.S. Postal Inspection Service; U.S. Marshals Service; the Criminal Investigation Division of the Internal Revenue Service; the Illinois Secretary of State=s Department of Securities; and the Mattoon Police Department.

-----Original Message----- From: pbg [] Sent: Wednesday, March 21, 2001 1:16 AM To: quatloos0504@quatloos.com Subject: Dove DooDoo

March 20, 2001

Hello Dear Friends,

I have stayed silent on the details about WHY the CH situation is UNimportant out of a sense of protecting the lenders. However, it seems now that it's time to discuss this and provide you with some details. I am purposely, however, focussing on only a specific PART of the whole story. Someday the whole story will come out; for now, I want to provide only the relevant part.

First, we all need to realize that these TRADES are done in SECRECY. The big lenders, who put up $10 Million, or $50 Million or $100 Million or more to START a trade like our program -- ALL these big lenders sign extremely strict Non Disclosure and Non Circumvention agreements. These big lenders are FORBIDDEN from discussing their involvement in a trade of this type.

Secondly, ALL these trades MUST have a "Humanitarian Project" proposal submitted to the IMF explaining how the proceeds will be used for Humanitarian purposes BEFORE the trade can start. Humanitarian Projects might be something like providing hospitals in a 3rd world country, or providing funds for education materials in communities lacking money to buy books for school children. The IMF investigates the big lenders, then approves the big lenders and the Humanitarian Project; then the trade can begin.

What I'm told and have had CONFIRMED from numerous sources worldwide, (including the authority which oversees the payout of these programs) is that WE small LENDERS are the "Humanitarian Project" of our program/trade.

I'm told that the Humanitarian Project proposal for our program was submitted to the IMF by some very WEALTHY VISIONARIES who wanted the proceeds to go to ordinary people who care about improving the world. These WEALTHY VISIONARIES had to keep their own identities SECRET because of the very STRICT Non Disclosure they were required to sign. These WEALTHY VISIONARIES put up the original $100 Million plus that was needed to start our program's trading cycles with the help of the renegade Illuminati adults in positions of power in the trading/banking world.
 So, the people who truly started our program are the WEALTHY VISIONARIES, rather than CH. CH came along later.

However, these Wealthy Visionaries MUST keep their involvement secret due to their STRICT Non Disclosure, so they had to find a way to get "small lenders" involved with the program by using a "front man" to find the small lenders. Their Humanitarian Project proposal to the IMF was that they would find a LARGE NUMBER of ordinary people who care about improving the world, and these "small lenders" would receive the Humanitarian Project money from our program's trades.

So these Wealthy Visionaries brought a program administrator onboard to FIND the small lenders. The FIRST program administrator (before CH) apparently was unsuccessful in bringing many small lenders into the program. So, CH was brought on as the second program administrator and he had meetings and did networking to bring more ordinary people who care about improving the world into the program.

Now, since the Wealthy Visionaries must be kept secret per trading rules, CH had to act like this was his idea. And, CH could not tell the small lenders the truth about how this trading program would benefit them because of the Non Disclosure that CH was required to sign. Consequently, we were all told that we could make a loan and receive a nice payback on this loan.

I'm told that the Wealthy Visionaries had ordered CH to bring MANY thousands of "small lenders" into the program. CH made some progress on this, however, it was when MK got involved and brought thousands of small lenders into the program, that finally the GOAL number of lenders was reached. This GOAL number of many thousands of small lenders was necessary to be reached in order for the Humanitarian Project to the IMF to be fulfilled.

By now I hope you realize that there were ALWAYS other powerful people behind the scenes who were the true POWERS behind our receiving this great financial abundance. CH was a "front man", and he and especially MK did very well getting small lenders into the program.

The "rolls" of our program were based on the original $100 Million Plus that the Wealthy Visionaries put into the program at the beginning. The profit from those rolls was also put into more trades, and over the years, the total amount of profits from these rolls has become ASTRONOMICAL. This is one of the reasons the dark agenda Illuminati have tried so hard to keep us from receiving.

Because there were always other POWERFUL PEOPLE who were the true FOUNDERS of our program, these Powerful People are the ones who have made sure our program has continued and IS FUNDING.

Someone wrote me about being concerned because investigations have determined that CH has allegedly "misused" the loan money that lenders sent in. This person wondered HOW our program could fund if CH had used the money for his own uses.

The FACT IS our program's trading and rolls are based on the ORIGINAL $100 Million Plus put in by the Wealthy Visionaries, rather than on our small loans. Consequently, there have been billions $$ in the trades and rolls of our program over the years that came from the Wealthy Visionaries' original roll. This is WHY our program's profits have grown to such HUGE amounts -- regardless of what happened to our loan money sent to the program leaders.
 Now, the MAIN thing is that small lenders' names are in the "database". Filling a database with thousands of small lenders was the WHOLE purpose of our program's Humanitarian Project trading proposal.

I am hopeful that all lenders who sent in a loan are in the database because it was a requirement of the original program Humanitarian Project proposal. You see, lenders' names COULD be in the database, even if the funds were lost or misused. As long as the program leader received your name and put your name in the database, then you WILL receive your payout.

Now, as for CH. I've kept this quiet for a long time, but perhaps it will help some lenders to understand "WHY" CH has lost all power over the program. Somewhere along the line, CH got off track. We have to remember that two of the most crooked people on the planet are "trustees" of our program -- the infamous banker and the infamous ex-politician. Perhaps they threatened CH and forced him to do some of the things he did. I have been told by my White Knight sources that all the program leaders HAVE been THREATENED with being killed unless they cooperated with some of the actions of these crooked trustees.

There have been, I'm told, many dozens of people over the years who HAVE lost their lives due to their involvement with our program. So, there IS reason for the program leaders to take these threats seriously, and the program leaders must know of some of these deaths.

As to WHY the power was taken away from CH: I'm told, and have CONFIRMED this from numerous sources, that CH took some of the profits from the rolls over the years and put these profits into other trades under other names. I'm told that CH then tried to HIDE these profits in other trust names in various countries around the world. These hidden profits were FOUND during a court case in New Jersey last year in which the sloppy wire transfers that CH did were diligently traced around the world and the FUNDS were RECOVERED.

Do you remember last summer when I wrote several times that "additional funds" would be coming to us? I was referring to the FACT that these HIDDEN funds had been recovered. In my worldwide network of sources I have friends who talk DIRECTLY to people who have worked with these RECOVERED FUNDS and the court cases in New Jersey and New York. The recovery of these hidden funds is WELL- DOCUMENTED in many places, as is CH's involvement in hiding the funds.

The good news is, Friends, that in doing this, CH ended up making the profits from our program ASTRONOMICAL. So, in a way, his greedy acts ended up helping with the true purpose of the program which is to empower the small lenders with the funds to go out in the world and MAKE important IMPROVEMENTS.

Once the evidence in the New Jersey case was presented, I'm told, then CH was basically stripped of any power over our program. He had gone toooooo far in his illegal activities to be allowed to control the program any further. This is WHY it is totally UNimportant "what" is happening with the CH court situation in Illinois. He was forced to sign off on everything to do with the program some time ago.

So, what happened to your loan money? Well, I'm told that the amount for one unit was actually CH's expense fee for FINDING small lenders -- it's unclear whether he was supposed to put that money into the trades.

The MOST important thing is that OUR LOANS/Names were recorded in the database, regardless of what happened to the loan money we sent.

IF it turns out that some lenders were not entered into the database, the only solace I can offer is that these trading programs WILL become PUBLICLY available in the 50 states later this year, I'm told. Also, I'm told, there will be some other ways to obtain the funds people need to do their world improvement projects. And there will be new financial resources made available to all in the 50 states. ALL of this WILL BE PUBLIC information after we have received and the major improvements in banking, etc, become public info.
 The White Knights, who include the lady Judges and many other powerful people, ARE in charge of our funding and are being helped by the renegade POWERFUL Illuminati who hold positions of power in international banking, trading, and certain key government-related positions. Our funding activities HAVE BEEN proceeding in the 50 states AND Offshore for the past months. I've heard very encouraging news that some extremely important additional preparations were and are being completed at this time. To protect the funding process, this is all I am saying about timing.

So, in summary, the HUGE financial Abundance our program has amassed over the years IS coming to us because WE are the Humanitarian Project and the money of the Wealthy Visionaries is what actually made the original trades and rolls possible. Because the White Knights are in charge of funding, funding activities have been proceeding.

People have asked me if they must send CH money in order to be sure they get their funding. These people are worried that CH will delete them from the database if they fail to send him money. This is UNTRUE - the program leaders are UNABLE to alter the database except for address changes, I'm told. And, the White Knights are doing their own checks to make sure address changes are valid.

I'm told that copies of the database of lenders are in the hands of many officials who ARE working HARD to get our funding done. Also copies are in the hands of the top White Knights worldwide, and the famous auditing company has a complete set of records of all lenders and their funding amounts, I'm told. In addition, the ONshore and OFFshore banks have recently received details of names, addresses, etc., for each lender in the database. In other words, there are dozens of officials and organizations with complete copies of the database and this ensures we will receive our funding.

The Urbana Soap Opera is UNimportant to our funding because CH was stripped of his power due to his illegal activities. The Urbana Soap Opera has taken on a life of it's own - however, it totally FAILS to impact funding which is proceeding.

There's much more to the story than what I have outlined here. However, I hope this gives you enough information so that you begin to understand what REALITY truly is regarding our program.

Let's continue to KNOW and AFFIRM, our funds are OURS NOW! We truly are on the brink of the most wonderful prosperity and miraculous improvements --- the Age of Miracles!

Blessings and Love, Dove

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